mortgage

Lenders are being urged to taper discounts on mortgages in light of the current economic climate.

Barclays will stop taking on new second charge mortgages at its Firstplus, Barclayloan and Fair & Square subsidiaries.

The average UK homeowner has a significant equity cushion, and does not need to worry about negative equity, according to GE Money Home Lending.

The Council of Mortgage Lenders (CML) has defended lenders' rights to set their own arrangement fees following criticism from Alistair Darling.

Increasing numbers of people are taking out fixed-rate loans despite the price of application fees rising by over 60% since September 2006.

Pension and mortgage issues are the most common enquiries from people accessing a generic financial advice pilot scheme, according to the Citizens Advice Bureau (CAB) Moneyplan project.

Trevor James, area manager at Progressive Building Society, has taken over as chairman of the Council of Mortgage Lenders (CML) Northern Ireland.

Building societies have seen record levels of cash inflows, with around £1.8bn of savings deposited during April 2008, according to the Building Societies Association (BSA).

National Association of Estate Agents' (NAEA) members believe the property market is stabilising, though regional variations remain.

Securitisation as a mortgage funding method might never recover from the current credit crunch, according to Jackie Bennett, head of policy for the Council of Mortgage Lenders.